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Latest: Fintech News

Trump ‘Doesn’t Want’ Apple to Tie-Up With Alibaba AI in China
Trump ‘Doesn’t Want’ Apple to Tie-Up With Alibaba AI in China

The White House is reportedly concerned that the tie-up would help a Chinese firm improve its AI abilities and also make Apple more vulnerable to Beijing's censorship and data-sharing laws

Nvidia to Build AI Supercomputer And New Office in Taiwan
Nvidia to Build AI Supercomputer And New Office in Taiwan

CEO Jensen Huang outlines plans for AI supercomputer and a new office in Taiwan, which he hailed as one of the world's leading tech hubs

China’s Industry, Retail Data, Air Freight to US All Edge Down
China’s Industry, Retail Data, Air Freight to US All Edge Down

China's industrial and retail sectors slowed in April, while air freight capacity between China and the US plunged after the US closed the 'de minimus' tax exemption

TransPacific Cargo Surges on US-China Tariffs Backdown
Trump Unveils Huge Chip Deals in Gulf After Rejig of Export Rules
China And Russia Sign Deal to Build Power Station on Moon – LS
Trump Tells Apple CEO ‘I Don’t Want You Building in India’
Apple Sales in China Plunge 50%, Huawei Back on Top – Fortune
WTO Complaint Shows India Wants a Better Tariff Deal With US
Rogue Communication Devices Found in Chinese Solar Inverters

Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors